What Many Homeowners Don’t Know About Stopping Foreclosure After It Begins When foreclosure starts, many homeowners assume it’s already too late to stop foreclosure. That belief is often wrong. This case shows how a homeowner took the time to understand her mortgage, the foreclosure timeline, and the sale date process before giving up. By doing her homework, she learned that…[...]

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Tags: foreclosure defense, STOP FORECLOSURE
Posted in foreclosure defenses, Foreclosure Questions |

Most people cannot conceive of why they should have been paid more at the purported "Closing" of their transaction than what they received or what they think was paid on their behalf. * But the bottom line is that in most cases, whether the transaction involved a resale of the home or "refinancing," only a fraction of the money you…[...]

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Posted in Corruption, discovery, evidence, expert witness, Fabrication of documents, foreclosure defenses, Pleading, Servicer |

First Horizon Home Loans files a foreclosure complaint in 2015, and during the proceeding, assigns the mortgage to Everbank who obtains judgment and Writ of Sale. Everbank assigns its Credit Bid to MTGLQ Investors, and the Bergen County Sheriff carries out the sale and issues the attached Deed for $100.00. Prior to the Sheriff's Sale, Everbank provides the Sheriff with…[...]

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Posted in Uncategorized |

The Fiction of “Prior Lender” Payments In nearly all cases, the money supposedly paid to a “prior lender” during refinancing—or even purchase money mortgages—is entirely or mostly fictional. This is true so long as the same underlying investment bank is behind both the buyer and seller, or both the new lender and the old lender. When Real Money Changes Hands…[...]

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Tags: refromation of mortgage transactions
Posted in discovery, expert witness, Modification, securities fraud |

Some of the facts recited here are taken from the true story of one entrepreneur who turned $25,000 into $300 Million. Has anyone ever asked how entrepreneurs with only $25,000 to their name in 2001 now have a net worth of $300,000,000?  Has anyone done the math? That money could not possibly have come from making loans using $25,000. That…[...]

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Posted in Uncategorized |

The Core Problem: Servicers Who Don’t Service Here’s the truth that banks and their lawyers won’t answer: there is no real loan account receivable. That’s why they avoid tough questions like this Qualified Written Request (QWR), which cuts to the heart of the issue: Who is actually handling the money? A homeowner recently demanded answers about PennyMac’s supposed role as…[...]

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Tags: exela, QWR, Regulus group, Transcentra
Posted in Corruption, discovery, Servicer |

Thursdays LIVE! Click into the LendingEyes Radio Show LIVE with Neil Garfield, Charles Marshall, and Bill Paatalo Or call in at (347) 850-1260, 6 pm EST, 3 pm PST Thursdays FIRST MOCK TRIAL: THURSDAY JANUARY 6, 2022 AT 6 PM EST 3 PM PST WE ARE TRYING A NEW FORMAT TO BE MORE INFORMATIVE AND TO DO A BETTER JOB AT…[...]

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Posted in Uncategorized |

So talk about splitting hairs --- here is a statement from a company that is claimed by third parties to be the servicer of a "loan." Note that the parties making the claim do NOT swear that PennyMac is servicing claims to administer, collect and enforce for them, but rather for some unknown creditor or some other entity that does…[...]

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Posted in Corruption, discovery, evidence, Fabrication of documents, foreclosure mill, Motions, Servicer |

All homeowners who think they have a mortgage loan have received one payment at a "closing" --- or a payment allegedly made on their behalf. For reasons explained elsewhere on this blog, such payments on their behalf are mostly fictional where the underlying investment bank is the same "director" of funds. * The significance is that a second tree springs…[...]

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Tags: collateral lawsuit, counterclaim
Posted in discovery, Fabrication of documents, foreclosure mill, legal standing, securities fraud |

From "Summer Chic" with some edits The investment banker was acting as the agent or conduit for both the actual creditor (“investor) who was lending the money to an investment bank and the homeowner "debtor" (borrower) was "borrowing" the money.  Credit Default Swaps realte not to thye "laons" but rather tot he securities. The payment of proceeds in a CDS…[...]

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Posted in Uncategorized |